Reference no: EM132870176

Problem -

1. On July 1, Job 46 had a beginning balance of $1,235. During July, prime costs added to the job totaled $560. Of that amount, direct materials were three times as much as direct labor. The ending balance of the job was $1,921. Assuming that overhead is applied on the basis of direct labor cost, what is the overhead rate for the company?

2. For each of the following independent situations, give the source document that would be referred to for the necessary information. Direct materials costing $460 are requisitioned for use on a job.

3. For each of the following independent situations, give the source document that would be referred to for the necessary information. Greiner's Garage uses a job-order costing system. Overhead is applied to jobs based on direct labor hours. Which source document gives the number of direct labor hours worked on Job 2004-276?

4. For each of the following independent situations, give the source document that would be referred to for the necessary information. Pasilla Investigative Services bills clients on a monthly basis for costs to date. Job 3-48 involved an investigator following the client's business partner for a week by automobile. Mileage is billed at number of miles times $0.75.